Time to build a house (with BRIC's of course)
I need to resist my urge to put more into Legg Mason Value Fund. Go Bill Miller!. What with US dollar looking like it is going to strengthen against the sing dollar and financials (and hence housing) looking like it is nearing a bottom. How many write downs before some big non-investment bank finally goes under and we touch bottom? Who cares it's close enough for me. But alas I cannot because adding anymore would mean that I have more than 5% of my total portfolio in this fund , which incidentally is putting more than I am comfortable with into one country.
So where else?
China. Because although almost all the bulls have turned to bears it's still going to grow at high single digits and would be a great long term story. The 'crash after the olympics' like any predicted correction happened BEFORE it was predicted to happen. (The sub prime correction was not widely predicted and thus caught us all with our pants off). Now we FINALLY realize that beijing is but one part of china and olympics is but one gear in a giant engine.
Russia. Because no matter how much we write them off, one attack on Georgia reminds us that energy and Russia can never be seperate. The world tells Russia "business WILL NOT be as usual" but we know we don't have a choice unless we start walking. No cars. No Energy dependency. Fat hope.
Brazil because people need to eat. We now like to fill our cars up with food too now that oil prices are no longer cheap. Not going to get much cheaper either.
India because it basically has no where to go but up. (Yeah i know weak argument. But whatever)
Since I don't like any one of them individually, why not all of them together? Ah the wonders of flexibility. And since there is no hurry. I am going to switch some of my dollar cost averaging over.
Stay Tuned for results. (Update you in 10 years)
So where else?
China. Because although almost all the bulls have turned to bears it's still going to grow at high single digits and would be a great long term story. The 'crash after the olympics' like any predicted correction happened BEFORE it was predicted to happen. (The sub prime correction was not widely predicted and thus caught us all with our pants off). Now we FINALLY realize that beijing is but one part of china and olympics is but one gear in a giant engine.
Russia. Because no matter how much we write them off, one attack on Georgia reminds us that energy and Russia can never be seperate. The world tells Russia "business WILL NOT be as usual" but we know we don't have a choice unless we start walking. No cars. No Energy dependency. Fat hope.
Brazil because people need to eat. We now like to fill our cars up with food too now that oil prices are no longer cheap. Not going to get much cheaper either.
India because it basically has no where to go but up. (Yeah i know weak argument. But whatever)
Since I don't like any one of them individually, why not all of them together? Ah the wonders of flexibility. And since there is no hurry. I am going to switch some of my dollar cost averaging over.
Stay Tuned for results. (Update you in 10 years)
posted by TastyLaksa | 11:13 AM
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